Items tagged with GameStop

We reported exactly one week ago of a ridiculous venture gaming retail giant GameStop would soon pursue in its never-ending quest for increased revenue: A very high interest rate credit card. Well today, we learn of a different sort of venture, one that could increase something just as important as revenue - customer loyalty. It'd be impossible to count the number of jokes people have made involving GameStop's lackluster trade-in values, but as of August 18th, those jokes are going to be harder to make. According to documents obtained by Kotaku, average trade-in values will go up 20%, with the... Read more...
If I could describe what most people think of GameStop, I'd have to call the company "Comcast Video Game Retailer". The fact is, a lot of people just don't like the company's shenanigans, of which there have been many over the years, and given the way the industry is moving towards digital, you'd imagine that it might want to backtrack on its poor moves and start working towards impressing people. Not so, apparently. Destructoid has learned that GameStop's latest money-making venture is a credit card, and one that carries an insane interest rate of 26.99%. That's a higher interest rate than most... Read more...
One of the great universal truths of modern gaming is that preorders suck. The term refers to the practice of ordering a title at some point before it actually ships in order to get access to a variety of minor outfit tweaks, a few starting weapons, or a few boosts to early gameplay. Today, some publishers take this practice to truly ridiculous levels; the recent game Watch Dogs has no fewer than nine preorder options, and none of them include every single perk or capability. GameStop, perhaps sensing that there's pressure building against the model, wants to turn the dial up to 11 -- and create... Read more...
Maybe Microsoft gave GameStop a scare when it briefly flirted with ditching optical discs in favor of streaming games from the cloud for its Xbox One console or tying game discs to specific systems, either of which would have a put a serious dent in the company's used games business. Or perhaps GameStop realizes there's a ton of cash to be made in mobile. Either way, the future of GameStop includes less game stores and a bigger retail presence from its mobile properties. According to Games Industry, GameStop CEO Paul Raines is calling this initiative GameStop 3.0. It entails opening between 200... Read more...
Ever since Sony cut a major deal for the Gaikai cloud gaming service, pundits have watched to see how the company would integrate the technology into the PlayStation product line. At CES this week, Sony finally took the wraps off that announcement and the initial program looks amazing. The upcoming PlayStation Now service will stream games from central servers to the PS4, PS Vita, PS3, TVs, tablets, and smartphones. Sony says PSNow will be supported on "most" of its upcoming 2014 Bravia televisions, but hasn't announced any additional partnerships with specific hardware vendors. The company claims... Read more...
If you were hoping to score an Xbox One Day One Standard Edition console on day of release, you'll need to put procrastination in its place and get on the ball. New and used games retailer GameStop announced that it's taking final per-orders on the launch day edition of Microsoft's next generation console, which will be available on November 22, 2013, in the U.S. "Calling all gamers, if you have not pre-ordered your Xbox One console, now is your last chance," said Bob Puzon, senior vice president of merchandising for GameStop. "We have worked closely with Microsoft to offer our customers another... Read more...
Sony's PlayStation 4 is scheduled to land in the United States on 11/15 for $399. But, believe it or not, there's still a big market out there for the PlayStation 3, and Sony realizes it still has a few months to milk its existing console before the new one comes to town. That's the only logical reason we can muster for the emergence of this Azurite Blue PS3 console, which will land on October 8, 2013 as a GameStop exclusive. It'll ship only in a 250GB (HDD) model, and will only be available for sale at U.S. and Canada GameStop / EB Games locations. The bundle includes a blue console, a blue DualShock... Read more...
It's been seven long years since Sony launched its PlayStation 3 game console and eight years since Microsoft introduced the Xbox 360 to retail. To put that into perspective, some PC gamers were still using AGP graphics cards back then, like the GeForce 7600 GS and Radeon X1650 Pro. You can imagine the anticipation among console gamers leading up to the launch of the PlayStation 4 and Xbox One, both scheduled to ship in November. GameStop chief Paul Raines is expecting this to be the "largest console launch in history," according to statements he made during a post earnings financial call. Raines... Read more...
Ouch. We had originally been led to believe that the GameStop Expo in August would be the first place where average, everyday joes and janes would be able to get their hands on the PlayStation 4. But Sony and Comic-Con just shot an arrow through GameStop's bubble. Instead, the San Diego Comic-Con festival, which takes place on July 18th and ends on the 21st, will indeed be first. The PS4 will be front and center at Sony's booth during the event, allowing those who attend to go hands-on with the console, the new controller, and of course, the new lineup of games. Driveclub, Knack and Octodad: Dadliest... Read more...
GameStop executives and spokespeople never said much about Microsoft's original plan for the Xbox One, but the company must surely have breathed a sigh of relief when Microsoft unexpectedly canceled its original plans a few weeks later. Had the company pushed ahead with the goal of leaving game sharing in the hands of publishers, it could have had a serious impact on the used game retailer's business model. The question is, is GameStop out of the woods yet? Long-term, that's not clear. Digital revenues continue to grow; EA and Activision Blizzard are reporting that an increasing amount of their... Read more...
Android game consoles are trying to take over the living room, or at least co-exist with much more expensive gaming systems. Whether or not the market will react favorably to playing mobile games on their giant screen TVs remains to be seen, but we can certainly say OUYA is off to a promising start now that it's available at retail. There's been a ton of hype surrounding OUYA ever since it's highly successful Kickstarter campaign in which the console's developers raised nearly $8.6 million in funding, blowing way past its comparatively modest goal of $950,000. And that was just the tip of the iceberg.... Read more...
It's never easy to say goodbye, but if you're still sitting on a mountain of PlayStation 2 games, you're quickly running out of time to cash in one final time on the titles you may have grown up playing, at least at GameStop. As of June 1, 2013, GameStop will longer accept PS2 trade-ins of any kind, including games, accessories, or systems. A poster on Reddit snapped the photo you see below, and a quick call to one or more GameStop locations is all it takes to confirm that the new and used games retailer will no longer accept PS2 trades of any kind after the end of this month. Image Source: Reddit... Read more...
Generally you don't bite the hand the feeds you, but apparently Nintendo doesn't feel GameStop provides all that much financial sustenance, hence the console maker isn't thinking twice about competing against the new and used games retailer with lower priced refurbished consoles. That's right, Nintendo is now selling refurbished 3DS and DSi XL game consoles in the U.S., and at prices that are lower than GameStop. Nintendo points out that the ones it's selling are the only refurbished products in the market that have been cleaned, tested, and inspected to meet its high standards. Like Apple does... Read more...
Ouch. There just aren't too many other ways to say it. As the video game world enters a period of rapid transition, the old players are starting to show signs of wear. The home console market just isn't what it used to be, and neither is the importance of physical media and retail shops. As more and more gamers find their fix in mobile gaming, it's getting tougher for the mainstays to remain relevant. GameStop is a company in search of its next move, and it's losing a lot of money as it tries to find it. The company's Q4 2012 earnings saw a loss of $270 million, on sales of $3.56 billion. Consolidated... Read more...
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